1. Projected Sales is a budgeting technique to help companies project the budget for a future term. What happens if this figure is significantly wrong? How does a company determine if this figure is accurate? What other budgets depend on the accuracy of this number? Why?
2. What is the difference between a flexible and static

1. True to their name, mixed costs have components of both fixed and variable costs. They have a fixed based cost regardless of your activity level and they have a piece that varies based on your level of production. An example would be an x-ray machine. There is a fixed cost piece for the depreciation and technician salary. The

1. Create and format a row to show the months for the year (Jan-Dec).
2. Create and format a row, beneath the month row, to show yearly income for each month (Jan-Dec),and properly label the row and value.
3. Add each expense in a separate row (as identified in step 4) and properly label each row and value.
4. For the expense

Using the attached data and format from the budget tab create a flex-budget for the month of July using 3 or 4 different planned units of sales. Base your assumptions on several different factors:
* The trends in actual sales shown at the bottom of the Budget tab
* The activity levels needed to turn a profit since the June

Why might managers find a flexible budget analysis more informative than a strategic-budget analysis? Explain your rationale.
How might a manager gain insight into the causes of a flexible-budget variance for direct materials?
Why might an analyst examining variances in the production area look beyond the business functi

My made up business is "Now Hair This" beauty salon
MS Excel - Create a Start up Budget and first 6 months operating expenses for your new Business using MS Excel. The Excel spreadsheet must include at a minimum the specifications listed below:
a. Create two worksheets. The first worksheet should contain your expected expens

You are a School Social Worker at a High School in Atlanta, Georgia with an annual budget of $500 for programming expenses. You are notified by the Assistant Principal that a transgender student who is transitioning from male-to-female will be entering the junior class at the beginning of the following semester. She also has a

Explain the relationships between fixed and variable costs used in a flexible budget and the differences between static and flexible budgets? Explain how a flexible budget lends itself to a cost-volume-profit analysis?

Tylon's Hardware uses a flexible budget to develop planning information for its warehouse operations. For 20X9, the company anticipated that it would have 96,000 sales units for 664 customer shipments. Average storage bin usage for various inventories was estimated to be 200 per day. The costs and cost drivers were determined to

Your company uses a standard costing system.
At the beginning of the month, you budget to produce and sell 100 items.
Actual units produced are 120.
Standards for direct material are 4 lbs per unit at a standard price of $3 per pound.
Actual material purchased and used was 450 lbs.
Actual price paid was $2.90 lb.

This question is on variance analysis in managerial/cost accounting. More specifically, it asks for calculations of direct material price variance, direct material efficiency/usage variance, the flexible budget variance, and determining whether the variances are favorable or unfavorable.

Budget of the United States government: The Office of Management and Budget provides access to the budget of the United States government at its Web site: www.gpoaccess.gov/usbudget/citizensguide.html. "A Citizen's Guide to the Federal Budget" provides information about the budget and the budget process for the general public. A

1. The production budget uses all of the following except:
a. the beginning inventory quantity.
b. the inventory policy.
c. the sales forecast.
d. the cash receipts budget.
2. Operating expenses are best budgeted on the basis of knowledge about:
a. relevant range.
b. cost behavior patterns.
c. current period bud

Discuss budgeting techniques. Is a top down or bottom up approach preferred and why? What is a flexible budget versus a static budget? What is a spending variance and a activity variance? Are variances necessarily bad
383 words

Mead Meals on Wheels Center
You may make whatever assumptions you think are necessary. Be sure to state every assumption explicitly.
Problem 1
The Mead Meals on Wheels Center (MMWC) provides two meals per day to the homebound elderly. The Town of Millbridge pays MMWC $32 per week for each person it services for the wee

See attached file for the chart.
Wrape Urban Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for April was based on 2,100 meals. The diner's director has provided the following cost data to use in the budget: groceries, $2.55 per meal; kitchen operations, $4,700 per month

48. Byrd Company is a manufacturer affiliated with the furniture industry. The company produces a wide variety of "hardware" component parts. Product examples include drawer slides, hinges, door pulls and handles, springs, and locks. Dent Tripoli is the company's new chief financial officer. Dent is very concerned with providing

This book will discuss the concept of distribution. Distribution is one of the elements of the Marketing Mix, which is often called the 4Ps. The Marketing Mix is made up of the Product, Promotion, Price and Place. Distribution is the Place in the Mar... READ MORE » ... READ MORE »